Chiwetel Ejiofor (12 Years a Slave), Julia Roberts (August: Osage County), Idris Elba (Mandela: Long Walk to Freedom), and George Clooney (Gravity) are featured on the main cover shot. In the photo, Roberts, 46, sits in a sexy pose across Elba's lap, while wearing a blazer, fishnet stockings and black high heels. Ejiofor, 36, and Clooney, 52, pose beside them looking handsome in black tuxes with white bow ties.

Standout red carpet newcomer Nyong'o looks gorgeous in a long gold gown. The 30-year-old Kenyan actress, who has consistently been winning best-dressed this award season, shows off her stunning, fit physique in the gorgeous dress.

For more on Vanity Fair's Hollywood Issue, pick up the March issue on newsstands Feb. 11.